EWJ

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.047%

Price spread now: KuCoin against Binance−0.020%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$863as in the Funding arb table

Net, price: spread back to 7d avg − costs−$867as in the Price arb table

costs, in and out, $10k−$8718.710% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 7 days+0.015%+$2 · spread now −0.020%, 7d avg −0.063%

Together, before fees+0.096%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.042% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EWJUSDT	97.630	0	get 0.0000% / 8h	7h 43m	$1.1M	$858K	20x
Short	KuCoin EWJUSDTM	97.610	0.0100	get 0.0100% / 8h	7h 43m	$150K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now −0.020%Rate

Funding earned: $21
Price spread: −0.020% → −0.063%: $4.24
Slippage, 4 orders: −$848.97
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$845.73
Costs to cover: 8.710%
Break-even: 288.9 days

Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 4 min ago	1.02 bp	14.2 bp −$14	51.8 bp −$518	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	3.08 bp	195.2 bp −$195	doesn't fit	doesn't fit	doesn't fit

EWJ on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff EWJ-PERP	−0.0264%	1h	97.630	0.000%	$34K	—	20x	as long as short
Aster EWJUSDT	0.0000%	8h	97.669	+0.040%	$15K	$962	20x	as long as short
Binance EWJUSDTlong	0.0000%	8h	97.630	long leg	$1.1M	$858K	20x
Bybit EWJUSDT	0.0000%	8h	97.580	−0.051%	$191K	$24K	25x	as long as short
OKX EWJ-USDT-SWAP	0.0000%	8h	97.670	+0.041%	$296K	$113K	20x	as long as short
Gate EWJ_USDT	0.0000%	8h	97.610	−0.020%	$341K	$178K	25x	as long as short
MEXC EWJ_USDT	0.0000%	8h	97.630	0.000%	$403K	$104K	20x	as long as short
Bitget EWJUSDT	0.0000%	8h	97.610	−0.020%	$741K	$142K	20x	as long as short
Variational Omni EWJ	0.0000%	8h	97.623	−0.007%	$109K	$23K	—	as long as short
GRVT EWJ_USDT_Perp	0.0000%	8h	97.639	+0.009%	$626K	$406K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EWJ-USDT	0.0000%	8h	97.568	−0.064%	$1K	$1.4M	20x	as long as short
HTX EWJ-USDT	0.0000%	8h	97.421	−0.214%	$8K	$38K	20x	as long as short
BloFin EWJ-USDT	+0.0003%	8h	97.600	−0.031%	$43K	$68K	20x	as long as short
tradeXYZ xyz:EWJ	+0.0089%	1h	97.593	−0.038%	$1.4M	$545K	20x	as long as short
KuCoin EWJUSDTMshort	+0.0100%	8h	97.610	−0.020%	$150K	$1.0M	20x
edgeX EWJUSDC	+0.0176%	4h	97.625	−0.005%	$595K	$234K	20x	as long as short